Fresh Graduate Training Program

MBA Sponsorship

Job Opportunities at the World Bank Group

Training Programs

We believe in developing professionals that are versatile, knowledgeable and equipped for the future. A culture of learning and development is at the core of our values as our role is not limited to providing for future generations but also their empowerment. KIA offers a wide range of training programs for nationals at various stages in their careers ensuring individuals are capable of driving change and are in command of their own future.

Fresh Graduate Training Program

KIA’s Fresh Graduate Training Program is an eleven-month program that combines practical classroom learning with workplace training to prepare fresh graduates for a successful career in the finance sector.

The program was the first of its kind when conceived in 1995, and continues to be held in the highest esteem by local and international financial institutions with more than 600 alumni, many of whom have gone on to pursue highly successful careers in Kuwait and across the globe. 

The program seeks to provide participants with a strong and comprehensive foundational knowledge of the most important financial competencies and concepts to confidentially enter the workplace with the required skills to succeed. The program is unique in its delivery method, using a combination of highly regarded professional training providers, as well as practicing finance professionals from the most prestigious global financial institutions, ensuring graduates learn not only the theory, but also how it is applied in practice.

The program structure aims to give participants exposure to a broad range of disciplines and skills to support more informed decision making as to which path they may seek to choose.

The program is designed to provide a truly global understanding of the most relevant skills and knowledge for aspiring finance professionals, whether seeking to work in Kuwait or internationally. Therefore, the qualification requirements for the CFA First-Level certificate has been used as a general framework for the scientific and theoretical contents of the program.

The program follows three key phases:

Phase 1: Training Courses at the KIA Training Center in Kuwait

This phase includes several training courses that are organized at KIA’s dedicated training center, delivered by local and international training institutions, as well as financial institutions with which KIA has a strong relationship. These courses cover subjects such as:  investments, economics, accounting, financial and administrations skills.

Phase 2: International Assignment

This is an on-the-job training phase with reputed international financial institutions located across the multiple financial capitals. Lasting for ten weeks, trainees acquire practical experience and critical skills in the investment and financial areas as a result of their exposure to institutions operating in global markets.

Phase 3: On-the-job training at KIA

This is an on-the-job training in Kuwait, designed to provide trainees with experience of the activities of Kuwait Investment Authority and the markets in which it operates.

Upon completion of the program, graduates will have experienced first-hand the operations of a major financial institution through the ten-week international assignment, as well as the opportunity to spend four weeks at the Kuwait Investment Authority to gain a greater understanding of the range of activities undertaken by financial institutions.

The combination of such practical experience with sound knowledge of core finance sector skills and topics gives graduates the ability to make a truly informed decision about the type of career path they may wish to pursue.

The program is designed for high-performing nationals with aspirations to pursue a career in finance. We pursue the highest caliber graduate trainees, and encourage applications from a range of quantitative disciplines; all applicants fulfilling the following criteria are invited to apply:

  1. Kuwaiti national.
  2. No older than 26 years of age at date of application.
  3. A Bachelors degree in a qualifying subject which is recognized by the Kuwait Ministry of Higher Education awarded no later than two years prior to date of application.
  4. A certified GPA of 3.0 or higher (or equivalent*).
  5. Applicants should not be employed by any other entity once accepted in the program.
  6. A certified GMAT score no less than 360, taken within the last 5 years.
  7. Proficient in Arabic and English (reading, writing, conversational).
  8. Prepared to travel internationally for ten weeks during the program for the International Assignment.
  • All Business Majors
  • All Engineering Majors 
  • Mathematics
  • Computer Science  
  • Science (excluding social sciences, healthcare, geography or geology)

We are now accepting applications for the new group of trainees, apply here

Please contact kiatraining@kia.gov.kw to enquire suitability and performance criteria.

Stay up to date with key application dates through our Press Room or see local press for announcement.

MBA Scholarships

Stemming from its core belief in continued education and the empowerment of Kuwaiti nationals, KIA offers twenty academic scholarships annually to nationals seeking to obtain their Masters in Business Administration (MBA) degree from one of the top ranked universities in the world. During their course of study, students are supervised academically by the Cultural Attaches of the Kuwait Embassy in which they are studying.

  1. The applicant is required to have Kuwaiti Citizenship.
  2. Unconditional admission to the MBA program at one of the universities approved by KIA.
  3. The applicant should provide a document stating the date of applying for the MBA to the university.
  4. The Dual Degree program is accepted if only Provided that in business administration and the universities included in the list of accredited universities.
  5. Registration in the Academic MBA program not with an Executive MBA (EMBA).
  6. The applicant should not have a scholarship from another source.
  7. The applicant must register as a full-time student.
  8. The applicant should not have an existing MBA degree.
  9. GMAT score should be no less than 600.
  10. Applicant must provide proof of correspondence with universities.
Monthly stipend KWD    1500
Annual book allowance KWD    500
One-Time Computer allowance KWD    500
Annual airline ticket KWD    750
Annual research and scientific journal subscription KWD     50

The student may travel within 30 days of the program starting date and will be entitled to two months’ stipend, 750 KWD airline ticket, 500 KD annual books allowance and 500 KD Computer allowance.

Attendance is allowed at one professional conference during the degree program. The conference must be recommended by the program director of the university and approved by KIA. Students are required to submit a report on the conference to KIA and will be entitled to an economy airline ticket when participating in conferences related to the student’s major.

Upon graduation the student is entitled to a two-months stipends, a 750 KWD airline ticket and 200 KWD for cargo shipment of personal items.

List of Universities for KIA Scholarship to study MBA​ for fiscal year 2019-2020:

School

Country

  • Stanford Graduate School of Business
  • Harvard Business School
  • INSEAD Business School - Paris Campus
  • University of Pennsylvania, Wharton
  • London Business School
  • University of Chicago, Booth
  • MIT : Sloan
  • Columbia Business School
  • University of California Berkeley, Haas
  • Yale School of Management
  • IESE Business School
  • University of Oxford : Said
  • Northwestern University : Kellogg
  • Dartmouth College : Tuck
  • University of Cambridge : Judge
  • National University of Singapore Business School
  • HKUST Business School
  • HEC Paris
  • Duke University : Fuqua
  • Esade Business School
  • United States
  • United States
  • France (Only Paris Campus is accepted )
  • United States
  • United Kingdom
  • United States
  • United States
  • United States
  • United States
  • United States
  • Spain
  • United Kingdom
  • United States
  • United States
  • United Kingdom
  • Singapore
  • China
  • France
  • United States
  • Spain

School

Country

  • Stanford Graduate School of Business
  • Harvard Business School
  • INSEAD Business School - Paris Campus
  • University of Pennsylvania, Wharton
  • London Business School
  • University of Chicago, Booth
  • MIT : Sloan
  • Columbia Business School
  • University of California Berkeley, Haas
  • Yale School of Management
  • IESE Business School
  • University of Oxford : Said
  • Northwestern University : Kellogg
  • Dartmouth College : Tuck
  • University of Cambridge : Judge
  • National University of Singapore Business School
  • HKUST Business School
  • HEC Paris
  • Duke University : Fuqua
  • Esade Business School
  • United States
  • United States
  • France (Only Paris Campus is accepted )
  • United States
  • United Kingdom
  • United States
  • United States
  • United States
  • United States
  • United States
  • Spain
  • United Kingdom
  • United States
  • United States
  • United Kingdom
  • Singapore
  • China
  • France
  • United States
  • Spain

For more information on how to apply, please contact the Training Department at the Kuwait Investment Authority: 

Address: 18th Floor, Twin Towers (A), Kuwait City, Kuwait

Phone: +965 22462340

Ext: 1806 – 1807 – 1808 – 1809 – 1810 – 1811  – 1813

Job Opportunities at the World Bank Group

In 2004, a Memorandum of Understanding was signed with World Bank as part of KIA’s role in supporting the national development plan of Kuwait. According to the MOU, and based on the available vacancies, the World Bank provides five Kuwaiti nationals annually with a two-year job contract to provide them with the experience in working at one of the world’s leading international financial institutions while contributing to the World Bank’s diversity targets and capacity building efforts. In 2011, mid-career level vacancies were made eligible for Kuwaiti applicants to increase the chances of employing Kuwaitis at the World Bank Group.

KIA bears 100% of the costs of the program in view of the program’s important contribution to the workforce development of Kuwait. This is where the program builds the professional capacity of Kuwaiti youth working in international financial institutions.

Participation is coordinated between KIA and the World Bank. Eligible positions are announced by KIA on a national level. Qualified candidates are nominated by KIA while the bank makes the final hiring decision.

All applicants must meet all job requirements as provided by the World Bank:

Junior Professional Officers (JPOs):

  • Master’s degree and a minimum of two years of relevant experience.
  • Fluency in English is essential. Fluency in another World Bank language is desirable (Arabic, Chinese, French, Portuguese, Russian and Spanish).

Mid-career Professionals (formerly EFSP):

  • Master’s degree and a minimum of five years of relevant experience (depending on grade level).
  • Fluency in English is essential. Fluency in another World Bank language is desirable (Arabic, Chinese, French, Portuguese, Russian and Spanish).

The Bank makes all final hiring decisions.

All application papers will be available only in the Training Department

For more information on how to apply, please contact the Training Department at the Kuwait Investment Authority: 

Address: 18th Floor, Twin Towers (A), Kuwait City, Kuwait

Phone: +965 22462340

Ext: 1806 – 1807 – 1808 – 1809 – 1810 – 1811  – 1813

Kuwait Automotive Academy

KIA signed an agreement with Daimler AG to establish Kuwait Automotive Academy for the purpose of training Kuwaiti citizens on the latest technologies in the automobile sector. Under this agreement, Daimler will finance the entire academy for a period of three years, and the Kuwait Investment Authority will pay financial rewards to the trainees in the belief that they should encourage this sector in the Kuwaiti economy and its role in supporting national development within Kuwaiti society.

In January 2007, the academy received its first group of trainees. Since its inception, more than 10 groups have received training. The total number of trainees has exceeded the 100 mark. The academy accepts up to 12 trainees annually for a one-year course.

  • The applicant is required to have Kuwaiti Citizenship.
  • The applicant must register as a full-time student in the Academy.
  • Applicant must be good in English (reading, writing, conversation).
  • Applicants must pass the personal interview and the online English Language test.

Trainees will receive a “Completion Certificate” after graduating from the Training Program as well as an allowance of KWD 1800 twice a year.

For more information kindly call 24818705

IMF Middle East Center for Economics and Finance

The mission of the International Monetary Fund’s Middle East Center for Economics and Finance is to build capacity through hands-on training for policymakers in Arab League countries, as well as to lead conferences, symposia and seminars. The aim is to strengthen the design and implementation of economic policies in the Arab World. The CEF is hosted by the State of Kuwait and financed through KIA. It started operations in 2011 and was officially inaugurated in 2014.

Learn more about the CEF and its programs by visiting their website